EURJPY in corrective phase above the 137.00 level

The EURJPY is finding support on the daily pivot point level of 137.00, so this pair could be strengthened in the bullish trend.

However, the next target for the EURJPY is the resistance level of 137.37. If the pair manages to make a breakout at that level would be expected to rise to the level of 137.59. On the other hand, if the EURJPY manages to make a breakout to the pivot point would be expected to fall ahsta the support level of 136.74.

The MACD indicator is in positive territory.

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